Sahas Energy IPO allotment : 18 lakh more applicants will be empty-handed

Oct Fri 2021 10:49:43

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Sahas Energy IPO allotment : 18 lakh more applicants will be empty-handed

Kathmandu. The IPO issued by Sahas Urja will be distributed next Sunday. NIBL S Capital, the manager of share issue and sale, has decided to distribute the shares on Sunday.

The pre-allotment of shares has been completed today (September 4). Capital is preparing to distribute the shares in 7 days after completing the pre-allotment within 5 days of the sale.

In the IPO issued by the company, more than 2.46 million applicants have applied for 34.3 million lots. Which is 5.62 times more than the public demand. Similarly, the company's IPO distribution will be done through round robin as soon as more applications are received than demand. At the same time, according to the number of applications, only 700,000 out of those who have duly applied will get the company's shares, while the rest of the applicants will be left empty-handed.